There are many people I run across today in their 30’s and 40’s who are flocking corporate America to begin their own business venture. The allure and excitement of flexible working schedule, being your own boss, and unlimited upside financial gain are all part of the attraction of making the jump to becoming CEO of your own your company. However, early in the business planning process you’ll be presented with the difficult decisions on how you want to fund the start up (and future growth) of the business. Is it smart to borrow money from friends and family for a loan? Do you go to a bank? Should you use your hard earned savings accounts? Or, potentially give people some sweat equity in the company? The more difficult decision actually comes when your company has some success. As your top line revenues and profitability grow in the company, you’ll be presented with more challenging decisions on what is the smartest ...
Read More →How Should You Capitalize Your Business?
Jul 13, 2012
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Gen X & Y Financial Advice
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